Alibaba Group Holding Ltd's stock (symbol 'BABA') might recover in the next few days if Chinese shares generally move up. BABA has lost around 25% of its value since the end of July and dominant oversold conditions with relatively strong financials might bring some positivity.
The outlook for demand seems overall neutral rather than negative and earnings per share are expected to increase this quarter. The most important data coming up this week are NBS and Caixin PMIs on Thursday and Friday.
The outlook for demand seems overall neutral rather than negative and earnings per share are expected to increase this quarter. The most important data coming up this week are NBS and Caixin PMIs on Thursday and Friday.